He also asked the industry to follow legal practices such as doing digital transactions to enhance the integrity of the sector
World Gold Council to initiate talks with industry bodies; move is aimed at controlling jewellers' default, building lender's confidence as well
Discounts and incentives are one attractions jewelleres are offering along with new designs to attract customers to push sales ahead of Diwali
If this Diwali season fails, the jewellery industry is expected to face huge losses
Since the $2-billion Punjab National Bank scam was discovered last year, the entire gems and jewellery sector has faced a massive liquidity crunch, as banks have put it on a negative list
Organised chains, which make up half the retail market, are being trusted increasingly for assured resale value of old ornaments, discounts in making charges
The emphasis on new products and innovative collection has significantly increased in Tanishq over the years
The new taxation system will provide a more transparent environment as well as curb illegal trades
Say payments discipline was high 10 years ago, but many defaulted after the global financial crisis